CO129-615-7 Crown Lands 7-7-1946 - 25-9-1947 — Page 25

Vt. 49614/485 3/46 50m, S. & S. Ltd.

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Mr. Mayle

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54349/46

Permt. U.S. of S.

Parly. U.S. of S.

J

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25

Secretary of State.

No..1.8.8.

Saving. Sav

DRAFT. SAVINGRAM

GOVERNOR,

HONG KONG.

Your telegram No.529 and my reply No.686.

Disposal of Crown Lands.

I presume that consideration has been given

subsequently obcanied by

to the danger of leases beingranted to

speculators who acquire them not with the object

sole

of developing the land, but merely with the idea

of passing on the lease to someone else at a

profit. This would, of course, destroy the whole

object of the proposal put forward in your

telegram No.529. I should be glad to be

informed in due course what steps, if any, it

has been possible to take to guard against the

above danger.

FURTHER ACTION.

SECER.